Evans Head has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.75% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Evans Head comes in at number 53th in NSW.
With the median price for a house in Evans Head being $662500 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 4.08%
Giving property investors a a stable capital gain of 4.31% for the last year, Evans Head, 2473 is the 545th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Evans Head has increased when compared to the 5 year average annual rate.
Property buyers and investors in Evans Head 2473 should be seeing an average reduction in asking price of around -3.50% . This means that Evans Head is holding prices well when compared to other suburbs in NSW.
Information supplied by:
Double digit growth for the unit market
Median unit price: $386,250
Three-year growth: 10.4%
Rental yield: 4.3%
One of the gems of NSW’s North Coast, the suburb of Evans Head is surrounded by water, greenery and sand. It’s known as one of the best places in the area to get fresh seafood like prawns, crabs and fish.
The Evans River flows by the suburb, and it is bordered by national parks. Pristine beaches offer spectacular views of the sunset and of the beautiful blue sea, while facilitating the enjoyment of watersports like surfing, boating and fishing. Beginner surfers will love Evans Head Beach because the southeast swells generating massive waves are hindered here. Kayaking on the estuary is another popular activity.
With a median value of under $400,000, units in Evans Head are quite affordable. The suburb has also seen consistent growth since 2014, with prices going up by the double digits.